Stockmann
LeaveRussia detail: Exit Completed
Stockmann plc is a Finnish retailer established in 1862. Stockmann's eight company-owned department stores are in Finland, Estonia, and Latvia. There are an additional nine Stockmann-branded department stores in Russia owned and operated by Reviva Holdings, with a license to use the Stockmann name until 2023.
Business in Russia
The company has not been operating in Russia since 2015. All business in Russia has been stopped following the Crimea annexation but the deal was finalized in the beginning of 2022. In 2015, Stockmann agreed to sell its Russian operations to Reviva Holdings, which still owns the company. Now the company has 12 representative offices, mainly in Moscow and St. Petersburg. The CEO of Stockmann Russia announced opening of 16 new stores across the country in 2023.
Decision trail
Decision date 17/04/2023 · Reference ↗
The brand name was sold to Russian investors and the current operations have nothing to do with the Finnish company.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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